The consolidated net profit of the company for the March quarter stood at Rs 146.8 crore, against a loss of Rs 11.47 crore during the same quarter last year.
Tejas Networks shares soared 20 per cent to hit a high of Rs 1,086.90 on BSE. Tejas Networks turned profitable in Q4. Hatsun Agro Product gained as the company reported 108.76 per cent YoY rise in profit at Rs 52.16 crore in Q4.
Tejas Networks Order book stood at Rs 8,221 crore by the end of Q4. The India order book made up Rs 7,958 crore while international business consisted of Rs 263 crore
Tejas Networks share price: The stock zoomed 19.82 per cent to hit an intraday high value of Rs 928.95. It eventually settled 16.83 per cent higher at Rs 905.75. At this price, the scrip was down 3.63 per cent from its one-year high of Rs 939.90, a level seen on October 18 last year.
Tejas Networks stock hit a record high of Rs 939 on October 18, 2023, but failed to maintain the momentum. It is trading below both 50 and 200-DMA but the Relative Strength Index is around the oversold zone. The stock recorded a strong bullish candle on Monday with gains of over 7%.